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This property looks like a bad Mid-Term investment with a projected -24.53% first-year return on $647k initial cash invested.
-24.53%
Cash On Cash
0.92%
Cap Rate
0.15
DSCR
$9,034
Rent
-$13,235
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,034 income − $22,269 expenses = $13,235 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$647k
Downpayment
20%
$599k
Closing costs
1%
$29,972
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,034
Total Expenses
$22,269
Mortgage P&I
168%
$15,176
Property Taxes
33%
$2,973
Home Insurance
12%
$1,049
HOA
0%
$0
Property Management
12%
$1,084
CapEx
4%
$361
Vacancy
3%
$271
Maintenance
4%
$361
Other
11%
$994